In late June and early July of 2013, thanks largely to a lengthy story in The New York Times, the practice of paying worker wages via a prepaid debit card has come under increased scrutiny. According to the report in the Times – and subsequent coverage in Time Magazine and Businessweek – large employers including Wal-Mart Stores, McDonald’s and Time Warner Cable are eschewing traditional paper paychecks and direct deposit in favor of paying wages on prepaid debit cards.
Tag: Pros and Cons of Prepaid Debit Cards
Pros and Cons of Prepaid Debit Cards
Don’t believe the hype about prepaid cards. But don’t believe the doomsayers, either We live in a world of incessant hyperbole. The latest version of the iPhone? Best invention ever. The current members of Congress? The most corrupt and feckless in history. And let’s face it, advertising and promotion is based largely on inflated claims… Continue reading Pros and Cons of Prepaid Debit Cards